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Topfield Co swings to profit in Q3

4587326 said its third-quarter normalized net income came to 101.25 South Korean won per share, compared with a loss of 261.28 won per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.29 billion won, compared with a loss of 3.32 billion won in the year-earlier period.

The normalized profit margin increased to 25.9% from negative 101.6% in the year-earlier period.

Total revenue climbed 52.1% year over year to 4.97 billion won from 3.27 billion won, and total operating expenses decreased 49.5% from the prior-year period to 3.52 billion won from 6.98 billion won.

Reported net income came to 1.99 billion won, or 156.30 won per share, compared to a loss of 5.34 billion won, or a loss of 419.77 won per share, in the prior-year period.

s of Nov. 16, US$1 was equivalent to 1,172.80 South Korean won.Topfield Co Ltd.

4587326 said its third-quarter normalized net income came to 101.25 South Korean won per share, compared with a loss of 261.28 won per share in the prior-year period.